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The FLOKI price rose 8% in the last 24 hours to trade at $0.0002138 as of 00:15 a.m. EST on trading volume that skyrocketed 108% to $68 million.
This comes amid a meme coin frenzy, with sector titans DOGE and SHIB rising 7% and 8%, respectively, in the last 24 hours. Overall, the meme coin sector’s market capitalization has surged 6% to $55 billion.
FLOKI Price Set To Rally After Breaching The Ascending Triangle
The FLOKI price has been on a downtrend after hitting a yearly high of $0.00338, as it found support around $0.0001236, as data from GeckoTerminal shows. The support level allowed FLOKI to rise, with the price fluctuating within the ascending triangle pattern.
Floki bulls have already breached the upper boundary of the triangle, prompting a sustained bullish stance. It also trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the overall bullish sentiment set to rally the price even more.
The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.0001744, encouraging bulls to buy more.
The reading on the Relative Strength Index (RSI) shows that investors are buying more. Currently, the RSI is closing in on the 70-overbought region, currently at 69. If the bullish momentum continues, the RSI could easily cross the 70-overbought region to indicate intense buying pressure.
Additionally, the Moving Average Convergence Divergence (MACD) further calls on investors to buy more. The MACD line (blue) crosses above the signal line (orange), forming a bullish crossover.
The green bars on the histogram also extend above the neutral line, an indication that FLOKI is on a positive momentum to the upside.
FLOKI Price Prediction
The FLOKI price analysis on the 4-hour chart indicates that FLOKI is on bullish momentum to the upside as it aims to breach the upper boundary of the ascending triangle, targeting $0.00030.
Major indicators, including the RSI and MACD, show increased investor buying, which could further boost the FLOKI price.The price movements have formed a down-base-rally pattern, using the demand zone to attract buyers and indicating a shift in market sentiment towards a bullish rally.
However, with the RSI and MACD showing that the asset is highly overbought, a looming price correction could occur as investors book profits. In such a scenario, FLOKI could undergo a retrace back to the support zone around $0.0001698, coinciding with the 200-day SMA.
As the FLOKI price soars, some investors are pivoting to the AI meme coin, WienerAI, a hybrid token that aims to use its AI capabilities to follow the success of other dog-themed meme coins like DOGE and SHIB.
99Bitcoins, a prominent crypto YouTube channel boasting over 700,000 subscribers, says that $WAI has the potential to soar 100X on launch.
WienerAI Presale Hurtles Blasts Past $1.9 Million – Best AI Crypto To Buy Now?
Dog-themed cryptocurrencies have been gaining traction in the recent past, looking to follow in the paw prints of Dogecoin. A new upstart, WienerAI (WAI) is currently turning heads by taking meme coins in a new direction.
Don't be left out in the cold.
GET IT WHILE IT'S HOT
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/I69IUJanLC
— WienerAI (@WienerDogAI) May 8, 2024
The project fuses animal memes with advanced AI tech and a bit of processed meat humor. It imagines a bizarre future where a sentient wiener dog/AI hybrid becomes ”the universe’s most powerful cybernetic being.”
To improve its utility, the project has recently added a trading bot to its platform, which has user-friendly AI-enhanced trading, seamless swap functionality, and zero fees.
WienerAI is more than a trading bot
It's your AI trading companion!
More details coming SOON! pic.twitter.com/HG5C0tE6Rk
— WienerAI (@WienerDogAI) May 14, 2024
Token holders can also stake $WAI for an impressive 512% annual percentage yield (APY), with the team allocating 20% of its total supply for staking rewards.
CONGRATS!
WEENIES ARE BEING STAKED AND STACKED AT RECORD SPEED!
Get yours here: https://t.co/k7IFimoTWr
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/WCVGZRODer
— WienerAI (@WienerDogAI) May 11, 2024
The WienerAI presale has already raised more than $1.9 million. Act soon if you are interested to buy because there will be a price hike in less than 24 hours.
You can purchase $WAI tokens on the official website here for $0.000707. You can use ETH, USDT, or your bank card to make the purchase.
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